Research >> Economics
Goods and Services Deficit Decreased in November 2010
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The Nation’s international trade deficit in goods and services decreased to $38.3 billion in November from $38.4 billion (revised) in October, as exports increased more than imports.
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that total November exports of $159.6 billion and imports of $198.0 billion resulted in a goods and services deficit of $38.3 billion, down from $38.4 billion in October, revised. November exports were $1.2 billion more than October exports of $158.4 billion. November imports were $1.1 billion more than October imports of $196.8 billion.
In November, the goods deficit increased $0.1 billion from October to $51.2 billion, and the services surplus increased $0.2 billion to $12.9 billion. Exports of goods increased $1.3 billion to $113.5 billion, and imports of goods increased $1.4 billion to $164.7 billion. Exports of services decreased $0.1 billion to $46.2 billion, and imports of services decreased $0.3 billion to $33.3 billion.
The goods and services deficit increased $3.0 billion from November 2009 to November 2010. Exports were up $20.7 billion, or 14.9 percent, and imports were up $23.7 billion, or 13.6 percent.
Posted: January 13, 2011 Thursday 08:30 AM